Bank Michigan
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Data as of · sourced from FFIEC call reports. How we update
Bank Michigan is an FDIC-insured commercial bank headquartered in Brooklyn, MI, established in 1907 (FDIC certificate 1008), and it is supervised by the Federal Reserve. At Q2 2026 it reported total assets of $176.0M, up 33.5% from Q2 2025, the 57th largest of 72 banks headquartered in Michigan. Its CET1 capital ratio was 12.69% at Q2 2026, above regulatory requirements.
- Charter
- Commercial bank
- Regulator
- Federal Reserve
- Deposit insurance
- FDIC
- FDIC certificate
- 1008
- Headquarters
- Brooklyn, MI
- Established
- 1907
- Total assets, Q2 2026
- $176.0M
- Assets vs Q2 2025
- +33.5%
- CET1 ratio, Q2 2026
- 12.69%
- Domestic offices
- 3 FDIC institution directory, current count
- Routing number
- 072407741
- Latest call report
- Q2 2026, FFIEC 051 · Bank Michigan call report
- Holding company
- BANK MICHIGAN FINANCIAL CORPORATION
- Asset rank in state
- 57th of 72 in Michigan
Bank Michigan leans heavily on commercial real estate. It reported $176 million in assets at June 30, 2026, up 33.5% from a year earlier. It holds commercial real estate loans worth 2.8 times its capital, 2.4 times the median of 1.2 times for the 2,660 banks with $100 million to $1 billion in assets. It also grew its loan book 30.1% over the year, 5.5 times the median of 5.5% for banks its size.
Problem loans fell by more than half over the year: loans on nonaccrual or 90 or more days past due, net of government guarantees are down to 0.41% of loans from 4.63%. Its $24 million commercial and industrial book is improving, with 4.18% past due or on nonaccrual, down from 22.42% a year earlier. Costs are the weak spot: it spends about 79 cents to bring in each dollar of revenue, higher than about three-quarters of banks its size (median 61 cents).
As of June 30, 2026, Bank Michigan reported a CET1 capital ratio of 12.69%, a return on assets of 0.90%, a nonperforming-loan ratio of 1.03% and a Texas ratio of 5.44%. The figures come from its call report filed with the FFIEC.
Of the 72 banks headquartered in Michigan, Bank Michigan is the 57th largest by total assets at Q2 2026. Quarter on quarter (Q1 2026 to Q2 2026), its total assets rose 10.2% to $176.0M, loans rose 16.1% and deposits rose 8.7%. Non-owner-occupied commercial real estate loans made up 30.6% of its total loans on June 30, 2026, its largest category; next came owner-occupied commercial real estate loans at 24.2%. The FDIC Summary of Deposits lists 3 offices for it, in Brooklyn, MI, Ann Arbor, MI and Onsted, MI; its Brooklyn office books 50% of its branch deposits. By the capital ratios in its Q2 2026 call report, Bank Michigan meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 417 S Main St, Brooklyn, MI 49230
- County
- Jackson
- Metro Area
- Jackson, MI
- Charter
- Commercial bank, state charter, Fed member, FRB-supervised
- Primary Regulator
- Federal Reserve
- FDIC Region
- Chicago (Region 9)
- Federal Reserve member
- Yes
- Federal Reserve district
- District 7, Chicago
- Fiduciary (trust) powers
- —
- Call Report form
- FFIEC 051
- Established
- October 1, 1907
- Former names
- OSB Community Bank (2004-2019)
- Domestic offices
- 3 FDIC institution directory, current count
- Employees (FTE)
- 42
- Domestic deposits
- $144.9M
- Allowance for credit losses
- $1.7M
- Net charge-offs (YTD)
- -$247K
- Average total assets
- $165.5M
- Average total loans
- $130.9M
- Average interest-bearing deposits
- $102.2M
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- Yes
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 1008
- Fed RSSD
- 382742
- SEC CIK
- 2003686 → filed by BANK MICHIGAN FINANCIAL CORPORATION
- Website
- http://www.bankmichigan.bank →
- Parent Holding Company
- BANK MICHIGAN FINANCIAL CORPORATION (RSSD 5620971)
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
Over the 12 quarters to Q2 2026, Bank Michigan's total assets ran between $116.6M (Q1 2024) and $176.0M (Q2 2026), and it earned a profit in 6 of the 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$176.0M total assets against $131.8M; $156.6M total liabilities against $119.9M.
$141.6M net loans and leases against $108.4M; $144.9M total deposits against $112.4M.
$7.7M securities against $8.6M; $19.9M cash and balances due against $10.1M.
$2.5M total interest income against $2.1M; $720K total interest expense against $523K.
$1.8M net interest income against $1.6M.
$699K total noninterest income against $323K; $2.0M total noninterest expense against $1.8M.
$40K provision for credit losses against -$288K.
$371K net income against $334K.
0.90% return on assets against 1.01%; 4.50% net interest margin against 4.95%.
12.69% CET1 capital ratio against 10.85%; 11.25% tier 1 leverage ratio against 9.19%.
Inside the full Bank Michigan terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Bank Michigan rankings
Its closest position to the top of a national ranking is 1,231 of 3,640, for Texas Ratio; its furthest is 3,211 of 3,606, for efficiency ratio.
Quarterly trend: last 8 quarters
Across the 8 quarters to Q2 2026, its return on assets ran from -5.91% (Q4 2024) to 15.31% (Q3 2025) and its net interest margin ran from 4.22% (Q4 2024) to 4.95% (Q2 2025).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 12.69% | 0.90% | 1.03% | 5.44% | 4.50% |
| Q1 2026 | 14.54% | 0.47% | 1.25% | 3.28% | 4.76% |
| Q4 2025 | 15.72% | 4.53% | 1.51% | 5.51% | 4.93% |
| Q3 2025 | 16.60% | 15.31% | 2.65% | 9.19% | 4.67% |
| Q2 2025 | 10.85% | 1.01% | 5.79% | 37.34% | 4.95% |
| Q1 2025 | 10.90% | 0.02% | 3.46% | 13.24% | 4.62% |
| Q4 2024 | 8.92% | -5.91% | 2.70% | 18.02% | 4.22% |
| Q3 2024 | 9.88% | -4.35% | 1.13% | 7.09% | 4.54% |
Swipe the table sideways to see every column.
Branch Network
View all 3 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Bank Michigan (main office) | Brooklyn , MI | 49230 | $72.4M |
| Ann Arbor Branch | Ann Arbor , MI | 48108 | $41.7M |
| Founding Office | Onsted , MI | 49265 | $30.8M |
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- <0.1% of deposits in MI, rank 75 of 95 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- SBA 7(a) lending
- 9 loans, $12.8M approved, $1.4M average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2025 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Mortgage lending (HMDA), Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Bank Michigan
What are Bank Michigan's total assets?
As of the Q2 2026 filing, Bank Michigan reported total assets of $176.0 million in its FFIEC call report.
Where is Bank Michigan headquartered?
It is headquartered in Brooklyn, MI, United States.
When was Bank Michigan founded?
It was established in 1907, per the FDIC institution directory.
Is Bank Michigan FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #1008). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Bank Michigan?
Bank Michigan's primary federal regulator is the Federal Reserve.
What is Bank Michigan's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 12.69% in its Q2 2026 call report, above regulatory requirements.
How many branches does Bank Michigan operate?
It operates 3 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Bank Michigan's Texas Ratio?
Its Texas Ratio is 5.44% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
What was Bank Michigan previously called?
The charter now named Bank Michigan has also operated as OSB Community Bank (2004-2019), per FDIC structure-change records.
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